The Economy

The Economy

Remittances projected to sustain the strength of the Philippine Peso

Inflows of remittances from overseas Filipino workers (OFWs) amidst the pandemic is anticipated to be among the major driving forces of the Philippine Peso’s continued strength for 2021. In a…

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The Economy

Philippine economy projected to recover by 5.5%-6.5% in 2021

With sustained government spending and the rollout of coronavirus vaccines, the investment banking arm of the Metrobank Group, First Metro Investment Corporation, anticipates the Philippine economy to spring back into…

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The Economy

Economic recovery, vaccine rollout projected to fuel remittances to the Philippines

Continuous global demand for Filipino medical workers along with the eventual rollout of the Covid-19 vaccines are projected as among the drivers of remittance inflows to the Philippines this year.…

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The Economy

Bank lending growth eases anew in November

Preliminary data show that growth of outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, declined to 0.3 percent in November from 1.8…

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The Economy

BIR, BOC overshoot DBCC revenue targets in 2020

The Bureaus of Internal Revenue (BIR) and of Customs (BOC) have both surpassed their respective collection goals set by the Development Budget Coordination Committee (DBCC) for 2020, collecting a combined…

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The Economy

Philippines continues to defy global trend of credit rating downgrades

Fitch keeps country’s ‘BBB’ rating with ‘stable’ outlook International debt watcher Fitch Ratings has kept the Philippines’ investment grade credit rating of “BBB” with a “stable” outlook, citing the manageable…

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The Economy

Estrella-Pantaleon Bridge ahead of schedule, set to open later this year

Department of Public Works and Highways Secretary Mark A. Villar announced that come second quarter of 2021, motorists will be able to utilize the widened and modernized Estrella-Pantaleon Bridge that…

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The Economy

DTI partners with the Cebu Provincial Government in rebuilding Cebu’s economy

In response to the COVID-19 health crisis that resulted in the extensive loss of jobs and incomes, the Cebu Provincial Government, in partnership with the Department of Trade and Industry…

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The Economy

MIMAROPA LGUs win big at 2020 LGU competitiveness ranking

Puerto Princesa City, Palawan, Pinamalayan, Oriental Mindoro, and Romblon, Romblon, top the list of most improved LGUs among Highly Urbanized Cities (HUCs), 1st to 2nd Class Municipalities, and 3rd to 4th Class Municipalities nationwide,…

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The Economy

President Duterte signs P4.5-trillion 2021 national budget

President Rodrigo Roa Duterte has signed into law on Monday, December 28, the P4.5-trillion 2021 national budget that allocates money for the government’s COVID-19 vaccine rollout and infrastructure development. Attending…

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The Economy

PIDS-ADB study identifies those who will benefit from digital economy

A study conducted by state think tank Philippine Institute for Development Studies (PIDS) showed that there are certain groups who “benefit more from [the] digital economy”. According to the study funded by…

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The Economy

DTI pushes for industrial resilience through smarter manufacturing

As the country’s enterprises recover from the adverse impact of the COVID-19 pandemic, the Department of Trade and Industry (DTI) is pushing for building the resilience of the country’s industries…

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The Economy

Philippines ranks 2nd in Asia and 8th Worldwide in promoting financial inclusion

The Philippines remains among the global leaders in financial inclusion, according to the Global Microscope 2020 of the Economist Intelligence Unit (EIU), the research arm of The Economist Group. The…

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The Economy

Personal remittances grow by 2.5% in October 2020

Personal remittances from Overseas Filipinos (OFs) grew by 2.5% year-on-year to US$3.044 billion in October 2020 from US$2.969 billion in October 2019. The growth was attributed to the increase in…

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The Economy

Asian Development Bank to scale up support for infrastructure, health, and job recovery in the Philippines

Between 2021 and 2023, the Asian Development Bank’s (ADB) sovereign lending to the Philippines is expected to reach USD9.4 billion with at least two-thirds going into infrastructure, health, and employment…

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The Economy

“Make It Happen in the Philippines” showcased in the 5th Belt and Road Summit in Hong Kong SAR

Hong Kong SAR, China – The Philippine participation in the 5th Belt and Road Summit (BRS) at Hong Kong SAR on 30 November 2020 – 2 December 2020 used for the first…

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The Economy

Philippines exploring innovative financing to protect fiscal health vs adversities

Department of Finance Secretary Carlos Dominguez III said Wednesday, December 9 that the Philippines is looking forward to a strengthened partnership with the World Bank (WB) in boosting the country’s…

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The Economy

Philippines Continues to Highlight its Strength as an Economic Partner at CAEXPO 2020

Despite the constraints imposed by the COVID-19 pandemic on international travel and transportation, the Philippines, through the Philippine Embassy in Beijing, the Philippine Consulate General in Guangzhou, and the Philippine…

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The Economy

Unemployment rate down, indicating gradual economic recovery for the Philippines

On Thursday, December 3, the Philippine Statistics Authority (PSA) reported that the rate of unemployment decreased to 8.7% in October—providing an indication of economic recovery from the unemployment highs of…

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The Economy

Japanese Firms confident on investing in the Philippines

Philippine Ambassador to Japan, Jose Laurel said Japan’s continued interest in the Philippines will help the country in its recovery efforts to rise from the coronavirus disease 2019 (Covid-19) crisis,…

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Remittances projected to sustain the strength of the Philippine Peso

Philippine economy projected to recover by 5.5%-6.5% in 2021

Economic recovery, vaccine rollout projected to fuel remittances to the Philippines

Bank lending growth eases anew in November

BIR, BOC overshoot DBCC revenue targets in 2020

Philippines continues to defy global trend of credit rating downgrades

Estrella-Pantaleon Bridge ahead of schedule, set to open later this year

DTI partners with the Cebu Provincial Government in rebuilding Cebu’s economy

MIMAROPA LGUs win big at 2020 LGU competitiveness ranking

President Duterte signs P4.5-trillion 2021 national budget

PIDS-ADB study identifies those who will benefit from digital economy

DTI pushes for industrial resilience through smarter manufacturing

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Philippines ranks 2nd in Asia and 8th Worldwide in promoting financial inclusion

Personal remittances grow by 2.5% in October 2020

Asian Development Bank to scale up support for infrastructure, health, and job recovery in the Philippines

“Make It Happen in the Philippines” showcased in the 5th Belt and Road Summit in Hong Kong SAR

Philippines exploring innovative financing to protect fiscal health vs adversities

Philippines Continues to Highlight its Strength as an Economic Partner at CAEXPO 2020

Unemployment rate down, indicating gradual economic recovery for the Philippines

Japanese Firms confident on investing in the Philippines

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